Puerto Rico’s Financial Future Now in the Hands of a Single Judge Overseeing Massive Bankruptcy

AMY GOODMAN: I’m Amy Goodman, on the road in Chicago. Juan González is in New York. JUAN GONZÁLEZ: We go now to Puerto Rico, which filed for a form of bankruptcy protection last week, seeking to restructure $123 billion in debt and pension obligations, in the largest local government insolvency in U.S. history. The move […]

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Oregon’s $22 billion pension hole: How did we get here?

You’ve read about PERS in our headlines for years now. The big takeaway? Public employers are drowning in pension debt. Oregon’s retirement system is about $22 billion in the hole and the problem isn’t going away anytime soon. So how’d we get here? Let’s start from the beginning. PERS is short for Public Employees Retirement […]

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Finance & Investment Tips : What Is Solvency Margin?

This is financial advisor Patrick Munro, discussing what is solvency margin. When investment managers make a decision as to the risk/reward capability of a company to return dividends to its stockholders they look at the overall balance sheet of a company, and therefore, look at its solvency; the fact that it’ll be around during a […]

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What Happens to Pension When Company Goes Bankrupt – American Airlines

This is Jeff Rose, goodfinancialcents.com. Let me paint a picture for you. You’ve been working with a company for 20, 30, maybe 40 years and the only thing that you have to fall on for retirement is your pension. The next morning you open your morning paper and then you read the news; your company […]

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Can I Protect My 401k and Pension if I File for Bankruptcy? Dallas Attorney Eric Engel Explains

Can you protect your 401k or your pension in the event that you need to file for bankruptcy? Hi. I’m Eric Engel, a Dallas bankruptcy attorney with the Engel Law Group here in the Dallas/Fort Worth metro area. The short answer to whether or not you can protect your 401k is yes. You can protect […]

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Finance & Investment Tips : What Are the New Bankruptcy Laws?

This is Financial Adviser, Patrick Munro, discussing what are the new bankruptcy laws? Bankruptcy used to be a way for a creditor to really, who was under duress could just literally go to the protection of the government and keep their creditors at bay. Their debts would be forgiven, although their credit rating would be […]

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Finance & Investment Tips : What Happens in Bankruptcy?

This is financial advisor, Patrick Munro, discussing what happens in bankruptcy. Bankruptcy’s a very unpleasant legal term that happens when a creditor, really cannot pay his debtors. Because of an emergency, medical crisis, or his cash flow is cut off for one reason or another. Eventually, it becomes a situation where he has to declare […]

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